Kilroy Realty Co.

Situational Awareness LP sold its 1.3 million‑share stake in Kilroy Realty. Q1 2026 FFO fell to $108.8 million ($0.91 per diluted share), down 11% year‑over‑year, and FFO margin declined to 40% from 45% due to higher operating and financing costs. Portfolio occupancy was 77.6% at quarter end, highlighting exposure to structural West Coast office challenges and ongoing cash‑flow pressure. » Mere på finance.yahoo.com

Kilroy Realty posted mixed results for Q1 2026: revenue of $270.1 million (slightly above analysts’ expectations), but a net loss of $19.3 million ($0.16 per share) driven by a $61.8 million impairment. The company delivered 568,000 square feet of leasing—the best first-quarter leasing performance since 2017—and raised its 2026 FFO guidance to $3.49–$3.63 per share. Kilroy is pursuing capital recycling (sales of non-core assets) and share buybacks, while occupancy remains below pre-crisis levels and there are near-term rent losses on lease renewals. » Mere på de.investing.com

At the Citi Global Property CEO Conference, Kilroy Realty outlined its West Coast strategy and highlighted AI-driven demand, especially in San Francisco and Silicon Valley. The company expects a temporary low point in occupancy in Q2 but forecasts net effective rent growth of 3% for 2027. Expiring leases have been reduced from 1.9 million to 1 million square feet through renewals and sales, and the retention rate is 40–50%. Kilroy also sees opportunities in the life-sciences segment, is pursuing capital rotation with targeted acquisitions, and is negotiating more flexible permits for the Flower‑Mart project. » Mere på de.investing.com